Residential Finance Survey

Residential Finance Survey: 2001 - Midwest
Table 6-3c. Mortgage Insurance Status, Rental and Vacant 5- to 49-Housing-Unit Mortgaged Properties
^Number of mortgaged properties.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see
text.
@5Includes first mortgages that are guaranteed by the VA or Rural Housing Service/Rural Development or are insured by state and local governments with or without FHA insurance, VA, or Rural Housing Service/Rural Development guarantees.
Monthly Rental Receipts Per Housing Unit, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, Interest and Principal Payments on First Mortgage as Percent of Rental Receipts and Real Estate Tax as Percent of Rental Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of year preceding survey and cooperatively owned apartments^^

Properties with government-insured
rental market during all of year preceding survey and cooperatively owned apartments^^or guaranteed first mortgage

Total mortgaged
properties

FHA
first mortgage

Other
insured or guaranteed
first mortgage@5

Properties with
privately-insured
first mortgage

Not insured

5- to 49-housing-unit properties with traditional first mortgage

76303

6000

7847

6997

55459

PROPERTY CHARACTERISTICS

Property Location by Geographic Area

Inside MAs

56445

5176

3506

6222

41540

In central cities

29302

3164

1276

2171

22692

Not in central cities

27142

2012

2230

4052

18848

Outside MAs

19858

824

4340

775

13919

Number of Housing Units

5 to 9 housing units

41190

2238

3214

4411

31328

10 to 19 housing units

19507

2169

1448

1380

14510

20 to 29 housing units

8635

741

1882

574

5439

30 to 39 housing units

3565

398

928

139

2101

40 to 49 housing units

3406

454

375

494

2082

Manner of Acquisition

By purchase

71815

5812

7501

6374

52129

Placed one new mortgage

58761

4650

6050

5239

42823

Placed two or more new mortgages

5883

667

422

603

4190

Assumed mortgage(s) already on property

2572

495

933

251

894

Assumed mortgage(s) already on property and placed new mortgage

282

0

59

145

79

Borrowed using assets other than this property as collateral

1989

0

0

135

1854

Paid all cash-no borrowing

1387

0

37

0

1350

Other manner

939

0

0

0

939

By inheritance or gift

646

0

44

0

602

By divorce

0

0

0

0

0

By tax free exchange of other property

252

57

0

0

195

By foreclosure or assignment

0

0

0

0

0

By some other manner

821

34

78

0

709

Not reported

2769

97

224

624

1825

Source of Downpayment@1

Properties purchased 1995 to 2001 (part)

38849

2576

2342

3469

30461

Sale of stock or other partnership shares for this project

1966

129

0

0

1837

Sale of previously owned stocks, shares, or other securities

644

0

0

365

280

Sale of land or other real estate

2826

296

0

38

2492

Owner's cash, bank deposits, share accounts, or bonds

17043

1246

1014

1644

13139

Borrowing from a retirement plan

180

0

0

0

180

Borrowing using assets other than this property as collateral

5233

0

218

494

4521

Proceeds from an insurance policy

210

0

210

0

0

From a state or local government source

177

0

107

0

70

From a non-profit organization

0

0

0

0

0

Proceeds from sale of tax credits

1059

455

128

0

475

From parents or relatives

1727

52

57

0

1618

Other cash source

1257

0

282

57

918

Non-cash source

29

0

0

0

29

No downpayment required

4169

36

395

363

3374

Not reported

5166

362

183

508

4112

Other properties

36091

3386

5504

3323

23877

Not reported

1364

37

0

205

1121

Year Property Acquired

1999 to 2001 (part)

19187

584

1668

1772

15164

1997 and 1998

13647

1413

377

1414

10442

1995 and 1996

7607

651

298

488

6171

1990 to 1994

13883

1782

1490

1048

9564

1985 to 1989

8393

653

1272

1951

4517

1980 to 1984

5624

387

1346

61

3830

1975 to 1979

4571

470

1044

199

2859

1970 to 1974

2308

60

205

65

1978

1969 or earlier

1083

0

148

0

935

Building and Land Acquisition

Acquired at same time

60193

5032

5028

5642

44492

Not acquired at same time

12150

621

2312

558

8660

Land not owned by building owner

832

129

0

171

531

Not reported

3129

219

507

627

1776

Property New or Previously Owned When Acquired

Acquired by purchase

71815

5812

7501

6374

52129

New

16575

1502

3937

621

10514

Previously owned

53035

4159

3360

5400

40116

As residential property

49523

3800

3291

5400

37032

Converted from nonresidential use

3512

359

68

0

3085

Other

484

0

0

0

484

Not reported

1721

151

204

352

1014

Other properties

1719

91

122

0

1506

Not reported

2769

97

224

624

1825

Year Structure Built

1999 to March 2000

2587

70

238

0

2279

1997 and 1998

3705

0

43

569

3092

1995 and 1996

1958

395

198

0

1365

1990 to 1994

6463

652

1213

609

3989

1980 to 1989

8800

1545

2430

724

4101

1970 to 1979

18476

1119

2220

2494

12643

1960 to 1969

11357

1165

402

886

8903

1950 to 1959

4250

0

457

301

3491

1940 to 1949

4081

140

461

582

2898

1939 or earlier

14627

914

184

831

12698

Purchase Price Per Housing Unit@8

Properties acquired by purchase 1997 to 2001 (part)

31822

1925

2045

2981

24870

Less than $20,000

6931

31

354

77

6469

$20,000 to $39,999

14539

1615

1240

1329

10355

$40,000 to $59,999

5722

73

85

948

4617

$60,000 to $79,999

1496

77

285

57

1078

$80,000 to $99,999

1081

0

0

11

1070

$100,000 to $124,999

435

0

0

0

435

$125,000 to $149,999

699

0

81

561

57

$150,000 to $174,999

0

0

0

0

0

$175,000 to $199,999

220

0

0

0

220

$200,000 to $249,999

453

129

0

0

324

$250,000 to $299,999

130

0

0

0

130

$300,000 to $499,999

115

0

0

0

115

$500,000 or more

0

0

0

0

0

Median

32353

31532

30781

41798

31523

Mean

42707

42978

36667

56886

41483

Other properties

44481

4075

5802

4016

30589

Value

Less than $100,000

2898

0

502

0

2397

$100,000 to $199,999

12031

375

743

1299

9615

$200,000 to $299,999

12455

836

706

1354

9559

$300,000 to $399,999

10599

508

1229

1261

7600

$400,000 to $499,999

6889

797

809

391

4893

$500,000 to $749,999

8965

1141

1285

845

5695

$750,000 to $999,999

7470

525

550

744

5652

$1,000,000 to $1,499,999

7644

363

1327

581

5373

$1,500,000 to $1,999,999

1873

322

190

326

1034

$2,000,000 to $2,999,999

2143

468

43

186

1446

$3,000,000 to $3,999,999

1754

297

360

11

1087

$4,000,000 to $4,999,999

108

0

0

0

108

$5,000,000 or more

1474

368

103

0

1002

Median

402446

606122

491988

367074

381035

Mean

733538

1201235

821503

558823

692536

Value Per Housing Unit@8

Less than $20,000

8681

344

1720

400

6217

$20,000 to $39,999

34414

1758

3022

3670

25963

$40,000 to $59,999

13667

1547

1323

1147

9650

$60,000 to $79,999

7237

1169

964

685

4418

$80,000 to $99,999

1762

120

0

150

1493

$100,000 to $124,999

2273

0

8

11

2255

$125,000 to $149,999

2530

182

62

582

1704

$150,000 to $174,999

1372

0

0

0

1372

$175,000 to $199,999

1100

0

118

0

982

$200,000 to $249,999

1519

446

392

352

329

$250,000 to $299,999

827

269

179

0

380

$300,000 to $499,999

58

0

58

0

0

$500,000 or more

862

165

0

0

697

Median

37127

51612

34581

36884

36572

Mean

61278

90136

54216

54739

59980

Purchase Price as Percent of Value@8

Acquired by purchase

71815

5812

7501

6374

52129

Purchased 1997 to 2001 (part)

31822

1925

2045

2981

24870

Less than 60 percent

4233

558

608

384

2683

60 to 69 percent

1846

0

0

0

1846

70 to 79 percent

3879

0

432

281

3166

80 to 99 percent

13655

706

480

1480

10988

100 percent or more

8209

661

525

835

6187

Median

89

91

80

91

89

Purchased 1990 to 1996 (part)

19574

2376

1625

1182

14391

Less than 40 percent

2252

42

134

119

1955

40 to 59 percent

1731

436

0

93

1202

60 to 79 percent

5596

360

333

310

4593

80 to 99 percent

5640

1073

284

252

4030

100 percent or more

4288

464

806

408

2610

Median

81

87

435

85

78

Purchased 1989 or earlier

20419

1511

3831

2210

12867

Less than 20 percent

1679

0

161

0

1519

20 to 39 percent

2921

75

85

862

1899

40 to 59 percent

4422

336

322

1075

2690

60 to 79 percent

4234

478

773

221

2762

80 to 99 percent

2040

0

923

0

1117

100 percent or more

5044

573

1566

52

2852

Median

65

73

92

45

62

Not acquired by purchase

4488

188

346

624

3330

Value of Capital Improvements

Properties with capital improvements between 1998 and 2000

41021

4597

5836

2567

28021

Less than $5,000

8491

460

588

412

7031

$5,000 to $9,999

8671

948

1533

341

5848

$10,000 to $24,999

11846

2141

1125

1070

7510

$25,000 to $49,999

6003

351

633

418

4602

$50,000 to $74,999

1747

129

298

0

1319

$75,000 to $99,999

836

0

475

90

271

$100,000 to $149,999

1444

185

508

0

750

$150,000 to $199,999

381

71

0

0

310

$200,000 to $299,999

755

0

453

0

302

$300,000 or more

848

312

222

238

76

Median

14241

16239

20611

17455

12258

Mean

334617

2708398

74223

40510

26352

Properties with no capital improvements between 1998 and 2000

20514

643

881

2782

16208

Capital improvements not reported

14768

760

1130

1648

11230

Value of Capital Improvements Per Unit

Properties with capital improvements between 1998 and 2000

41021

4597

5836

2567

28021

Less than $500

9113

731

1142

596

6644

$500 to $999

7935

876

1142

430

5487

$1,000 to $2,499

15009

2293

1460

839

10416

$2,500 to $4,999

4269

71

463

90

3644

$5,000 to $7,499

1106

129

137

374

465

$7,500 to $9,999

1021

185

210

45

580

$10,000 to $14,999

300

43

75

0

182

$15,000 to $19,999

743

0

743

0

0

$20,000 to $29,999

850

0

284

0

566

$30,000 or more

677

269

179

193

36

Median

1346

1453

1651

1460

1271

Mean

40509

337301

6475

4950

2163

Properties with no capital improvements between 1998 and 2000

20514

643

881

2782

16208

Capital improvements not reported

14768

760

1130

1648

11230

Monthly Rental Receipts Per Housing Unit

Acquired before 2000

63378

5644

7163

5906

44665

Less than $100

4247

121

653

759

2715

$100 to $199

6811

521

692

1495

4103

$200 to $299

9076

347

1482

568

6679

$300 to $399

13498

931

1404

2076

9087

$400 to $499

9994

880

880

108

8127

$500 to $599

6194

670

321

123

5080

$600 to $799

4592

568

257

466

3300

$800 to $999

3820

438

722

236

2423

$1000 or more

4968

1168

751

76

2973

No rental receipts

178

0

0

0

178

Median

385

503

354

306

396

Mean

655

952

1252

346

563

Acquired 2000 and 2001 (part)

12925

356

684

1091

10794

Rental Receipts as Percent of Value@8

Acquired before 2000

63378

5644

7163

5906

44665

Less than 5 percent

1726

71

39

91

1526

5 to 9 percent

20896

1652

1927

2912

14406

10 to 14 percent

18511

1563

2657

1502

12790

15 to 19 percent

13272

1557

1250

1026

9438

20 to 24 percent

4295

525

220

271

3279

25 to 29 percent

1463

0

365

30

1068

30 to 39 percent

1209

0

199

11

1000

40 percent or more

1710

277

507

65

861

Median

12

14

13

10

12

Acquired 2000 and 2001 (part)

12925

356

684

1091

10794

Rental Vacancy Losses as Percent of Potential Receipts

Acquired before 2000

63378

5644

7163

5906

44665

Less than 1.0 percent

9235

949

1267

624

6394

1.0 to 2.9 percent

7458

956

1161

1099

4242

3.0 to 4.9 percent

6078

391

796

208

4683

5.0 to 6.9 percent

6523

861

773

824

4065

7.0 to 8.9 percent

3872

82

640

57

3093

9.0 to 10.9 percent

2238

381

404

0

1453

11.0 to 12.9 percent

1991

505

119

147

1221

13.0 to 14.9 percent

1344

0

100

425

818

15.0 percent or more

8485

987

572

357

6569

Not reported or not computed

16154

531

1331

2166

12126

Median

5.3

5.6

4.2

4.4

5.5

Acquired 2000 and 2001 (part)

12925

356

684

1091

10794

Age Restrictions

Property restricted to people age 55 or older

23323

2260

3158

1276

16628

Property not restricted to people age 55 or older

49737

3470

4401

5367

36499

Not reported

3243

269

288

354

2332

Age Composition

Over one-half the residents of the building age 55 or older

5115

106

409

914

3685

Over one-half the residents of the building not age 55 or older

42982

2826

3775

4347

32034

Not reported

28206

3068

3662

1736

19740

Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older

Property provides meal service

12909

1090

1620

537

9661

Charge included in rent

10009

698

1127

349

7835

Charge not included in rent

79

0

0

0

79

Not reported

2821

392

493

188

1748

Property does not provide meal service

8260

907

1726

1428

4199

Not reported

55134

4003

4500

5031

41599

Type of Property Benefits@1

Government-sponsored below-market interest rate mortgage loan

4521

37

2719

0

1765

Government rental subsidy

8967

1321

2333

1166

4147

Government grant

299

77

0

57

165

Property tax relief

1722

272

200

0

1250

Federal income tax credit for low-income, old or historic properties

1752

119

874

65

693

Accelerated federal income tax depreciation for low- and moderate-income properties

66

0

0

0

66

Subsidy from a non-profit corporation

112

34

78

0

0

None of the above benefits

57126

4188

3337

5114

44487

Not reported

5689

269

393

718

4309

Source of Property Benefits@1

With property benefits

13488

1543

4117

1166

6663

Federal government

9344

799

3632

849

4063

State government

2095

174

420

619

882

Local government

2698

753

165

0

1781

Non-profit corporation

112

34

78

0

0

Not reported

179

0

0

0

179

With no property benefits

57126

4188

3337

5114

44487

Not reported

5689

269

393

718

4309

Reason for Benefits@1

With property benefits

13488

1543

4117

1166

6663

Occupied by low- or moderate-income individuals

11198

1543

4001

849

4804

Occupied by elderly or disabled individuals

4633

341

2246

403

1643

A historic structure

314

43

0

0

271

Located in a community development or economic development area

1128

0

0

0

1128

Covered by a Homestead Exemption

0

0

0

0

0

Covered by a Community Land Trust

0

0

0

0

0

Covered by disaster relief

0

0

0

0

0

Other reason

40

0

0

0

40

Not reported

1006

0

0

0

1006

With no property benefits

57126

4188

3337

5114

44487

Not reported

5689

269

393

718

4309

Section 8 Rental Housing Certificates and Vouchers

Property did or does have tenants receiving Section 8 assistance

19682

2200

2693

2228

12560

Property has never had tenants receiving Section 8 assistance

48649

3091

4852

3402

37305

Not reported

7972

709

302

1367

5594

OWNER CHARACTERISTICS

Type of Owner

Individual investor(s)

40886

2726

2200

3689

32270

Limited partnership

13934

1995

3213

1555

7171

Joint venture

1725

84

0

0

1642

General partnership

3976

269

651

327

2729

Life insurance company

0

0

0

0

0

Depository institution

165

165

0

0

0

Public real estate investment trust

127

0

0

0

127

Private real estate investment trust

120

0

0

0

120

Corporation - other than real estate investment trust

9187

494

1090

436

7167

Housing cooperative organization

34

0

0

0

34

Non-profit or church-related institution

2659

34

610

517

1498

Pension fund

0

0

0

0

0

Fraternal organization

0

0

0

0

0

Other

3488

233

82

473

2701

MORTGAGE CHARACTERISTICS

Number of Mortgages

1 mortgage

67205

4941

6245

6354

49665

2 mortgages

8261

1016

1251

643

5351

3 or more mortgages

837

43

351

0

443

Form of Debt of First Mortgage

Mortgage or deed of trust

76303

6000

7847

6997

55459

Contract to purchase

0

0

0

0

0

Some other loan secured by this property

0

0

0

0

0

Method of Loan Application

By computer over the Internet or by e-mail

0

0

0

0

0

By telephone or FAX

7684

356

316

812

6200

By regular mail

4955

595

1609

57

2694

By personal visit

49322

3121

3883

5156

37163

Through third party (such as real estate agent or builder)

4984

826

666

148

3345

Some other way

1895

152

164

199

1380

Not reported

6560

890

801

416

4453

Not available

902

60

408

210

225

Origin of First Mortgage

Mortgage made at time property acquired

57274

4556

5911

4835

41972

Mortgage assumed at the time property acquired

2744

554

1050

262

877

Mortgage placed later than acquisition of property

16286

889

885

1900

12610

Refinanced mortgage

14947

889

885

1702

11470

Same lender

4498

140

262

0

4097

Different lender

10449

750

623

1702

7374

Mortgage placed on property owned free and clear of debt

1339

0

0

199

1140

Not available

0

0

0

0

0

Purpose of First Mortgage Placed Later Than Acquisition of Property

Properties on which mortgages placed later than acquisition of property

16286

889

885

1900

12610

Obtain lower interest rate

7681

813

442

1175

5251

Increase payment period for mortgage

84

26

0

0

58

Reduce payment period for mortgage

834

0

0

0

834

Renew or extend loan that had fallen due, without increasing outstanding balance

1395

0

0

0

1395

Receive cash or increase outstanding balance of loan

3026

0

407

40

2579

Other reason

1929

50

37

686

1157

Not reported

1337

0

0

0

1337

Other properties

60017

5111

6961

5097

42849

Not available

0

0

0

0

0

Cash Received From Refinancing or Placing Mortgage on Property Owned Free and Clear

Properties on which cash received

4772

50

407

527

3790

Less than $100,000

2381

50

0

61

2271

$100,000 to $199,999

728

0

228

40

460

$200,000 to $299,999

253

0

0

0

253

$300,000 to $399,999

276

0

0

0

276

$400,000 to $499,999

886

0

0

426

460

$500,000 to $749,999

0

0

0

0

0

$750,000 to $999,999

0

0

0

0

0

$1,000,000 to $1,499,999

71

0

0

0

71

$1,500,000 to $1,999,999

0

0

0

0

0

$2,000,000 to $2,999,999

0

0

0

0

0

$3,000,000 to $3,999,999

0

0

0

0

0

$4,000,000 to $4,999,999

0

0

0

0

0

$5,000,000 or more

179

0

179

0

0

Not reported

0

0

0

0

0

Median

100702

50000

189229

438218

83446

Mean

357069

50000

2296283

385427

149109

Properties that refinanced and did not receive cash back

9200

840

479

917

6964

Properties that refinanced and did not report if received cash back

2313

0

0

457

1857

Properties that did not refinance

60017

5111

6961

5097

42849

Not available

0

0

0

0

0

Use of Cash From Refinancing or Placing Mortgage on Property Owned Free and Clear

Properties on which cash received@1

4772

50

407

527

3790

For additions, improvements or repairs to this property

2447

50

407

100

1891

To consolidate debts

1487

0

407

0

1081

For investment in other real estate

1368

0

228

61

1079

For other types of investments

232

0

0

0

232

For educational or medical expenses

396

0

228

0

168

To start a business

0

0

0

0

0

To settle a divorce

0

0

0

0

0

To pay taxes

34

0

0

0

34

To purchase an automobile, truck, or other vehicle

0

0

0

0

0

To purchase consumer product other than automobile, truck, or other vehicle

0

0

0

0

0

Other

647

0

0

426

221

Not reported

189

0

0

0

189

Properties that refinanced and did not receive cash back

9200

840

479

917

6964

Properties that refinanced and did not report if received cash back

2313

0

0

457

1857

Properties that did not refinance

60017

5111

6961

5097

42849

Not available

0

0

0

0

0

Purpose of Second Mortgage

Properties with second mortgage

7305

676

1275

643

4711

Provide funds for the purchase of this property

2919

195

335

302

2086

Provide funds for additions, improvements or repairs to this property

2345

43

371

341

1590

Provide funds for consolidation of debts

0

0

0

0

0

Provide funds for investment in other real estate

61

0

0

0

61

Provide funds for other types of investments

0

0

0

0

0

Provide funds for educational or medical expenses

0

0

0

0

0

Provide funds for starting a business

0

0

0

0

0

Provide funds to settle a divorce

0

0

0

0

0

Provide funds to pay taxes

0

0

0

0

0

Provide funds to purchase automobile, truck, or vehicle

44

0

0

0

44

Provide funds to purchase another type of consumer product

0

0

0

0

0

Other reasons

852

122

359

0

372

Not reported

1084

316

210

0

558

Other properties

68998

5324

6571

6354

50748

Purpose of Line of Credit

Properties with second mortgage or line of credit

1993

426

326

0

1241

Provide funds for additions, improvements or repairs to this property

506

198

0

0

307

Provide funds for consolidation of debts

0

0

0

0

0

Provide funds for investment in other real estate

200

192

0

0

8

Provide funds for other types of investments

0

0

0

0

0

Provide funds for educational or medical expenses

0

0

0

0

0

Provide funds for starting a business

0

0

0

0

0

Provide funds to settle a divorce

0

0

0

0

0

Provide funds to pay taxes

0

0

0

0

0

Provide funds to purchase automobile, truck, or vehicle

0

0

0

0

0

Provide funds to purchase another type of consumer product

0

0

0

0

0

Other reasons

532

0

282

0

249

Not reported

756

36

44

0

677

Other properties

74310

5574

7520

6997

54218

Year First Mortgage Made or Assumed

1999 to 2001 (part)

31669

745

2067

2399

26459

1997 and 1998

14474

1804

662

1768

10240

1995 and 1996

6783

836

599

312

5036

1990 to 1994

11803

1563

1854

1571

6815

1985 to 1989

4043

421

577

882

2164

1980 to 1984

2678

205

1003

0

1470

1979 or earlier

4853

427

1085

65

3276

Traditional First Mortgage Loan

Less than $50,000

2794

0

61

0

2733

$50,000 to $99,999

9065

205

385

1290

7186

$100,000 to $149,999

9752

341

1227

879

7305

$150,000 to $199,999

9923

503

676

1061

7683

$200,000 to $249,999

5076

464

695

699

3218

$250,000 to $299,999

5401

1079

401

829

3093

$300,000 to $399,999

5594

0

171

473

4950

$400,000 to $499,999

6610

513

1054

334

4710

$500,000 to $749,999

8195

739

1479

341

5636

$750,000 to $999,999

4171

461

430

870

2410

$1,000,000 to $1,499,999

3740

466

581

82

2611

$1,500,000 to $1,999,999

1497

165

55

129

1148

$2,000,000 or more

1676

533

216

11

916

Not reported

2808

532

415

0

1862

Median

243972

411779

406816

214561

220483

Mean

426598

728258

504694

339589

396352

Total Mortgage Loan

Less than $50,000

2794

0

61

0

2733

$50,000 to $99,999

7171

205

175

1290

5501

$100,000 to $149,999

10424

341

986

879

8218

$150,000 to $199,999

9480

503

887

759

7331

$200,000 to $249,999

5146

464

218

701

3764

$250,000 to $299,999

4852

763

401

829

2859

$300,000 to $399,999

5883

0

125

473

5285

$400,000 to $499,999

7308

634

1248

634

4792

$500,000 to $749,999

8218

739

1476

341

5663

$750,000 to $999,999

4552

656

536

870

2491

$1,000,000 to $1,499,999

3947

466

639

82

2760

$1,500,000 to $1,999,999

1619

165

98

129

1226

$2,000,000 or more

2101

533

583

11

974

Not reported

2808

532

415

0

1862

Median

259514

459416

465256

236104

231912

Mean

477856

754834

890731

352429

408724

Traditional First Mortgage Outstanding Debt

Less than $50,000

7054

375

389

199

6091

$50,000 to $99,999

10665

231

673

1376

8385

$100,000 to $149,999

10403

539

1410

897

7556

$150,000 to $199,999

7217

652

506

1244

4815

$200,000 to $249,999

6361

979

612

947

3822

$250,000 to $299,999

3924

0

170

193

3561

$300,000 to $399,999

6506

560

462

588

4896

$400,000 to $499,999

6771

419

1182

226

4944

$500,000 to $749,999

5868

514

945

500

3908

$750,000 to $999,999

2976

149

454

606

1768

$1,000,000 to $1,499,999

3340

353

411

154

2422

$1,500,000 to $1,999,999

1303

280

0

57

967

$2,000,000 or more

1109

418

216

11

464

Not reported

2808

532

415

0

1862

Median

205957

240734

286588

190126

194483

Mean

366972

614846

431524

300496

341412

Total Mortgage Outstanding Debt

Less than $50,000

6461

375

321

199

5566

$50,000 to $99,999

9877

231

463

1376

7808

$100,000 to $149,999

10443

496

1380

897

7670

$150,000 to $199,999

6597

336

216

641

5405

$200,000 to $249,999

6774

1295

495

1249

3735

$250,000 to $299,999

3928

0

170

193

3565

$300,000 to $399,999

6612

365

416

889

4943

$400,000 to $499,999

7340

657

1376

226

5081

$500,000 to $749,999

5794

514

942

500

3838

$750,000 to $999,999

3334

149

618

606

1961

$1,000,000 to $1,499,999

3536

353

454

154

2575

$1,500,000 to $1,999,999

1364

280

0

57

1028

$2,000,000 or more

1520

418

583

11

509

Not reported

2722

532

415

0

1775

Median

220153

244657

418626

214313

198880

Mean

399418

569108

727605

309627

345955

Current Interest Rate on First Mortgage

Less than 6.0 percent

27093

1594

2209

3724

19565

6.0 percent

47

0

0

0

47

6.1 to 6.4 percent

653

195

193

86

179

6.5 to 6.9 percent

2370

155

363

255

1597

7.0 percent

5342

0

0

1408

3934

7.1 to 7.4 percent

5078

112

1198

0

3768

7.5 to 7.9 percent

7022

376

402

0

6244

8.0 percent

3690

0

182

0

3508

8.1 to 8.4 percent

2709

252

249

0

2209

8.5 to 8.9 percent

5594

84

626

0

4884

9.0 percent

2313

158

458

0

1698

9.1 to 9.4 percent

692

220

113

0

360

9.5 to 9.9 percent

906

115

245

0

546

10.0 percent

536

240

135

40

121

10.1 to 10.4 percent

859

781

0

0

78

10.5 to 10.9 percent

751

175

334

0

242

11.0 percent

200

71

81

0

49

11.1 to 12.9 percent

645

342

303

0

0

13.0 percent

230

0

0

0

230

13.1 percent or more

9571

1132

755

1485

6200

Not reported

0

0

0

0

0

Median

7.3

9.2

7.5

5.6

7.4

Type of Interest Rate Buydown

Properties with interest rate buydown

47

0

0

0

47

Constant payment

0

0

0

0

0

3-2-1 buydown

0

0

0

0

0

Other

0

0

0

0

0

Not reported

47

0

0

0

47

Properties without interest rate buydown

35596

680

5097

1394

28425

Not reported

40660

5320

2749

5603

26987

Term of First Mortgage

Less than 5 years

3221

0

0

11

3211

5 years

2670

0

0

32

2638

6 to 9 years

1687

0

0

0

1687

10 years

3830

32

0

86

3713

11 to 14 years

682

0

0

0

682

15 years

3668

155

57

40

3416

16 to 19 years

1162

0

59

0

1103

20 years

4792

0

249

0

4543

21 to 24 years

515

0

118

0

397

25 years

1920

0

0

0

1920

26 to 29 years

717

182

0

0

535

30 years

11253

5631

237

1226

4159

More than 30 years

4464

0

4377

0

87

No stated term

35722

0

2749

5603

27369

Median

21

30

59

30

16

Unexpired Term of First Mortgage

Less than 5 years

6159

215

0

42

5902

5 to 9 years

7162

473

59

125

6505

10 to 14 years

5046

131

137

0

4778

15 to 19 years

5923

508

509

0

4906

20 to 24 years

6647

1731

391

1226

3300

25 to 29 years

5287

2679

610

0

1998

30 or more years

4356

264

3392

0

701

No stated term or not computed

35722

0

2749

5603

27369

Median

17

25

47

22

12

Holder of First Mortgage

Commercial bank or trust company

23758

1795

681

1367

19916

Savings and loan association, federal savings bank

9282

599

156

1203

7323

Mutual savings bank

1801

0

211

208

1382

Life insurance company

1587

220

0

40

1327

Mortgage banker or mortgage company

1756

0

0

618

1138

Federally-sponsored secondary market agency or pool

21734

2765

1236

2959

14774

Conventional mortgage pool

491

0

0

0

491

Other federal agency

5183

0

4450

47

687

Real estate investment trust

0

0

0

0

0

Pension or retirement fund

28

0

0

0

28

Credit union

2860

269

37

0

2553

Finance company

417

0

0

93

324

State or municipal government or housing finance agency

2609

192

1076

339

1002

Individual or individual's estate

2645

0

0

0

2645

Other

2153

160

0

124

1870

Servicer of First Mortgage

Commercial bank or trust company

24016

1768

681

1367

20200

Savings and loan association, federal savings bank

9760

599

156

1203

7802

Mutual savings bank

1801

0

211

208

1382

Life insurance company

909

220

0

40

649

Mortgage banker or mortgage company

23740

2834

1244

3576

16086

Federally-sponsored secondary market agency or pool

0

0

0

0

0

Conventional mortgage pool

450

0

0

0

450

Other federal agency

5183

0

4450

47

687

Real estate investment trust

0

0

0

0

0

Pension or retirement fund

0

0

0

0

0

Credit union

2860

269

37

0

2553

Finance company

417

0

0

93

324

State or municipal government or housing finance agency

2601

192

1068

339

1002

Individual or individual's estate

2645

0

0

0

2645

Other

1921

117

0

124

1680

Holder's Acquisition of First Mortgage

Originated directly from borrower

48677

3000

1790

3088

40800

Purchased from present servicer

17052

989

5576

2673

7814

Purchased from someone else

10574

2011

480

1237

6845

Not reported

0

0

0

0

0

First Mortgage Loan as a Percent of Purchase Price

Properties acquired by purchase with first mortgage made or assumed at time of purchase

56391

4979

6615

4473

40323

Less than 40 percent

2498

353

742

77

1325

40 to 49 percent

688

0

91

158

439

50 to 59 percent

2408

598

482

86

1242

60 to 69 percent

6700

486

419

711

5085

70 to 79 percent

5288

64

387

776

4062

80 to 89 percent

10503

692

194

503

9115

90 to 94 percent

2090

455

226

215

1195

95 to 99 percent

4033

0

950

83

3001

100 percent or more

19358

1788

2642

1865

13064

Not reported

2823

543

483

0

1797

Median

89

90

98

89

88

Other properties

19912

1021

1231

2524

15136

Not available

0

0

0

0

0

First Mortgage Loan as a Percent of Value

Properties acquired by purchase with first mortgage made or assumed at time of purchase

56391

4979

6615

4473

40323

Less than 40 percent

2405

122

917

163

1204

40 to 49 percent

1121

0

0

158

963

50 to 59 percent

1699

161

106

0

1432

60 to 69 percent

15155

1464

2358

1175

10159

70 to 79 percent

6967

333

118

776

5740

80 to 89 percent

10651

692

0

472

9488

90 to 94 percent

1628

0

676

215

737

95 to 99 percent

3393

0

1127

83

2184

100 percent or more

10695

1714

898

1433

6651

Not reported

2676

495

415

0

1767

Median

79

82

69

80

80

Other properties

19912

1021

1231

2524

15136

Not available

0

0

0

0

0

First Mortgage Risk

Subprime loan

2539

295

505

483

1257

Not subprime loan

73764

5705

7342

6514

54202

Not reported

0

0

0

0

0

Total Mortgage Loan as a Percent of Purchase Price

Properties acquired by purchase with first mortgage made or assumed at time of purchase

56391

4979

6615

4473

40323

Less than 40 percent

1763

232

425

77

1029

40 to 49 percent

765

122

91

158

394

50 to 59 percent

2840

598

833

86

1323

60 to 69 percent

5018

290

209

408

4110

70 to 79 percent

5380

64

395

776

4145

80 to 89 percent

10070

692

378

503

8497

90 to 94 percent

3000

455

183

517

1844

95 to 99 percent

4734

0

1136

83

3515

100 percent or more

19998

1984

2481

1865

13668

Not reported

2823

543

483

0

1797

Median

92

92

97

92

90

Other properties

19912

1021

1231

2524

15136

Not available

0

0

0

0

0

Total Mortgage Loan as Percent of Value

Properties acquired by purchase with first mortgage made or assumed at time of purchase

56391

4979

6615

4473

40323

Less than 40 percent

6757

528

839

918

4472

40 to 49 percent

3923

71

367

241

3244

50 to 59 percent

6256

1041

985

545

3684

60 to 69 percent

10318

748

218

906

8446

70 to 79 percent

7099

806

416

336

5540

80 to 89 percent

8077

120

1162

1053

5743

90 to 94 percent

4442

771

149

302

3219

95 to 99 percent

1225

36

577

0

612

100 percent or more

5616

364

1487

172

3594

Not reported

2676

495

415

0

1767

Median

70

68

82

66

69

Other properties

19912

1021

1231

2524

15136

Not available

0

0

0

0

0

Total Outstanding Debt as a Percent of Value

Less than 20 percent

6018

60

271

246

5441

20 to 29 percent

4559

546

427

519

3067

30 to 39 percent

7665

547

1010

1251

4858

40 to 49 percent

10083

1290

554

158

8080

50 to 59 percent

8636

1022

923

1668

5022

60 to 69 percent

12210

627

546

1354

9684

70 to 79 percent

6438

645

194

553

5046

80 to 89 percent

7669

455

1288

753

5173

90 to 99 percent

4457

276

851

339

2991

100 percent or more

5846

0

1368

156

4322

Not reported or not computed

2722

532

415

0

1775

Median

60

53

70

58

60

Index Used to Adjust Interest Rate on ARM

Properties with adjustable rate first mortgage

20108

809

534

1390

17376

Treasury security

6102

0

0

340

5762

Average cost of funds in bank district

1225

0

0

0

1225

National average cost of funds

475

0

0

0

475

OTS contract mortgage rate

0

0

0

0

0

Other method

2990

0

0

11

2980

No index used

365

0

0

0

365

Not reported

8951

809

534

1039

6570

Other properties

56195

5191

7313

5608

38083

Not reported

0

0

0

0

0

Frequency With Which Rate Can Be Adjusted

Properties with adjustable rate first mortgage

20108

809

534

1390

17376

Monthly

1499

0

0

0

1499

Every 3 months

0

0

0

0

0

Every 6 months

548

0

0

0

548

Yearly

4829

0

0

340

4488

Every 3 years

2172

0

0

0

2172

Every 5 years

1552

0

0

0

1552

Other

1904

0

0

11

1894

Not reported

7604

809

534

1039

5222

Other properties

56195

5191

7313

5608

38083

Not reported

0

0

0

0

0

Caps on Interest Rate Per Adjustment Period

Properties with adjustable rate first mortgage

20108

809

534

1390

17376

Less than 1 percent

0

0

0

0

0

1 percent

0

0

0

0

0

1.1 to 1.9 percent

46

0

0

0

46

2 percent

3401

0

0

0

3401

2.1 to 2.9 percent

163

0

0

0

163

3 percent

1142

0

0

0

1142

3.1 to 3.9 percent

0

0

0

0

0

4.0 percent or more

647

0

0

255

393

No caps

5418

0

0

96

5321

Not reported

9291

809

534

1039

6910

Other properties

56195

5191

7313

5608

38083

Not reported

0

0

0

0

0

Caps on Interest Rate Over Life of ARM

Properties with adjustable rate first mortgage

20108

809

534

1390

17376

Less than 1 percent

0

0

0

0

0

1 percent

0

0

0

0

0

1.1 to 1.9 percent

0

0

0

0

0

2 percent

0

0

0

0

0

2.1 to 2.9 percent

0

0

0

0

0

3 percent

0

0

0

0

0

3.1 to 3.9 percent

204

0

0

0

204

4.0 percent or more

5245

0

0

255

4990

No caps

5543

0

0

96

5446

Not reported

9117

809

534

1039

6735

Other properties

56195

5191

7313

5608

38083

Not reported

0

0

0

0

0

Interest Rate Changed Since Mortgage Made

Properties with adjustable rate first mortgage

20108

809

534

1390

17376

Yes, rate has changed

6182

0

0

351

5831

No change since mortgage made

5889

0

0

0

5889

Not reported

8038

809

534

1039

5656

Other properties

56195

5191

7313

5608

38083

Not reported

0

0

0

0

0

Change in Monthly Interest and Principal Payments Other Than Change in Interest Rate

Monthly payments can change (other than change in interest ra

149

0

0

0

149

Payments can change monthly

0

0

0

0

0

Payments can change every three months

0

0

0

0

0

Payments can change every six months

0

0

0

0

0

Payments can change yearly

0

0

0

0

0

Payments can change every 3 years

0

0

0

0

0

Payments can change every 5 years

0

0

0

0

0

Other

149

0

0

0

149

Not reported

0

0

0

0

0

Monthly payments cannot change

68160

5191

7313

5959

49698

Not reported

7993

809

534

1039

5612

First Mortgage Allows for Negative Amortization

Monthly payments can change (other than change in interest rate)

149

0

0

0

149

Yes, unrestricted negative amortization

0

0

0

0

0

Yes, restricted negative amortization

0

0

0

0

0

No negative amortization allowed

149

0

0

0

149

Not reported

0

0

0

0

0

Monthly payments cannot change

68160

5191

7313

5959

49698

Not reported

7993

809

534

1039

5612

MORTGAGE PAYMENTS AND OTHER EXPENSES

Method of Payment of First Mortgage

Regular payments of interest and/or principal

71417

5214

7432

6888

51882

Interest and principal

70981

5214

7432

6888

51447

Fully amortized

53561

5155

3035

6171

39201

Not fully amortized

17420

60

4396

717

12246

Interest only

435

0

0

0

435

No regular payments required

1242

0

0

0

1242

Not reported

3645

786

415

109

2335

Items Included in First Mortgage Payment@1

Regular monthly payments of both interest and principal

70981

5214

7432

6888

51447

Real estate taxes

10906

894

523

1266

8224

Property insurance

6072

894

282

1226

3670

Mortgage insurance

1117

738

0

354

25

Other

2530

707

582

354

887

No items included or not reported

60016

4321

6850

5622

43223

No regular payments of interest and principal

5322

786

415

109

4012

Monthly Interest and Principal Payments on First Mortgage Per Housing Unit

Regular monthly payments of interest and/or principal

75061

6000

7847

6997

54218

Less than $100

13263

314

3070

1125

8754

$100 to $199

23100

1490

1663

1858

18089

$200 to $299

12340

1673

1048

1377

8242

$300 to $399

6637

397

256

411

5573

$400 to $499

3184

36

726

691

1731

$500 to $599

3360

115

0

208

3037

$600 to $699

2034

120

0

0

1914

$700 to $799

1306

0

392

374

540

$800 to $899

556

0

0

352

203

$900 to $999

234

72

0

0

162

$1,000 to $1,249

1192

182

37

426

547

$1,250 to $1,499

1437

129

0

0

1307

$1,500 or more

2775

688

239

65

1783

Not reported

3645

786

415

109

2335

Median

197

248

139

233

195

Mean

585

2419

326

353

468

No regular payments required

1242

0

0

0

1242

Current First Mortgage Payment Status

Regular monthly payments of principal and/or interest

75061

6000

7847

6997

54218

Up-to-date, ahead of schedule, or less than 90 days past due

35549

894

5097

1394

28164

Delinquent by 90 days or more

0

0

0

0

0

Legal proceedings have begun

0

0

0

0

0

Legal proceedings have not begun

0

0

0

0

0

Not reported

0

0

0

0

0

Not reported

39513

5106

2749

5603

26054

Other properties

1242

0

0

0

1242

Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit

Regular monthly payments of interest and/or principal

75061

6000

7847

6997

54218

Less than $100

16285

1100

3430

1234

10520

$100 to $199

21555

1490

1417

1858

16791

$200 to $299

13117

1673

1349

1074

9021

$300 to $399

7785

397

256

713

6420

$400 to $499

3067

36

367

691

1973

$500 to $599

3301

115

0

208

2978

$600 to $699

1859

120

0

0

1739

$700 to $799

1540

0

392

374

773

$800 to $899

556

0

0

352

203

$900 to $999

234

72

0

0

162

$1,000 to $1,249

1192

182

37

426

547

$1,250 to $1,499

1437

129

0

0

1307

$1,500 or more

3134

688

598

65

1783

Not reported

0

0

0

0

0

Median

199

225

135

238

199

Mean

604

2108

715

351

455

No regular payments required

1242

0

0

0

1242

Interest and Principal Payment on First Mortgage as Percent of Rental Receipts

Acquired before 2000 and regular payments of interest and/or princi

59455

4858

6748

5797

42051

Less than 20 percent

5082

385

1151

209

3337

20 to 29 percent

5397

189

1164

145

3898

30 to 39 percent

6214

1053

659

496

4006

40 to 49 percent

9492

1436

625

608

6823

50 to 59 percent

7918

413

1427

718

5360

60 to 69 percent

4635

276

493

576

3291

70 to 79 percent

3947

357

321

618

2651

80 to 89 percent

2221

0

240

0

1981

90 to 99 percent

1178

0

144

107

927

100 percent or more

13073

748

524

2320

9481

Not reported or not computed

296

0

0

0

296

Median

54

46

46

72

55

Other properties

16848

1142

1099

1200

13408

Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts

Acquired before 2000 and regular payments of interest and/or principal